How to Farm with Elk
Now you don't have to own a ranch to farm Elk!
- 1.Make sure you have a Defi Crypto Wallet. We recommend MetaMask (either the mobile app or the desktop extension for your browser) or other multi-chain compatible wallet such as TokenPocket, Brave Wallet, or Elastos Essentials. Make sure you have the funds you need in your DeFi wallet and are connected to the desired chain in like so:
Example LP pairing of $AVAX and $ELK
6. Return to the Pool Page, select the correct pairing, click "Approve" for both tokens, confirm these transactions in your wallet, and finally hit "Supply" and confirm the transaction in your wallet.
7. After all of these transactions have succeeded, go to the Elk Farm Page to put your liquidity provider (LP) tokens into the farm, click "Deposit" (or if already in the farm "Manage"), and then click "Deposit", the "Approve" to sign the transaction, and finally selelct "Deposit" and approve that transaction.
The buttons will be bright green as long as you have deposited the two tokens into the liquidity pool. It will also show you what the estimated daily rewards will be before depositing.
8. You're finished! Happy farming! You can click the "claim" button next to "Unclaimed ELK" any time to claim your rewards for the price of a normal gas fee.
Claiming Impermanent Loss Coverages resets your coverage amount to 0, restarting the 42 day vesting period. Please see the link below for more information regarding Imperment Loss Protection.